1 Property Valuation
Our agent will assess the state of your property and any improvements you have made and then value it according to the going market rate of your area and type of property. The valuation is particularly important as if you have a buyer who will purchase via a mortgage provider; they will not value your property higher than is realistic.
Upon choosing Options Real Estate you can count on a professional team, which will work hard for you seven days a week to market your property via our web-site, all major property portals, news papers, as well as our extensive client network. We ensure that our clients' properties receive the maximum exposure across a variety of different media. Our listing consultants will complete a detailed description of your property and take High resolution premium photos which will be instantly uploaded to over 21 property portals and websites. You will be updated on viewings and offers regularly by your consultant.
3 Accompanied Viewings
Once your property is marketed our consultants will manage all property viewings and coordinate with you, your tenant or hold keys if requested. All viewings are accompanied by our area specialists and consultants will always ensure they give you the requested preparation time you require to ensure your property is presented to its maximum potential. Our RERA licensed agents will take potential buyers around your property at a time that suits them. Meaning we're available during evenings and weekends as well, when most have time. A professional knowledgeable attitude, including of the market in general and regulations instills trust and is crucial for making a sale.
4 Receiving an Offer
Keeping your minimum requirements in mind we will try and get you the best offer. However, if we feel that the property will move slowly i.e. in an area of low demand/oversupply we may suggest you to be flexible with asking price, depending on whether you can afford to keep the property and whether we believe it could still gain value over the short-term.
5 Agreeing to Sell
Once you've agreed to an offer we will initiate the sales process, including the vetting of the prospective buyer. Our Memorandum of Understanding (MOU) contract will be prepared. This contract outlines the terms, conditions and costs of the sale. You will be required to sign this legally binding agreement and a 10% deposit will be taken from the buyer which will be held with the Agency for the duration of the contract.
6 Signing of Agreement
Our consultant will now manage the sale process from signature through till transfer of ownership. We will take care of all of the process involved and will coordinate with banks, developers, finance settlements, etc. The complete process will take around 30 business days to complete and can be shortened or lengthened depending on circumstances.
7 No Objection Certificate
This is the penultimate stage and is a final permission required before the transfer of ownership can take place. Our agent will coordinate this process and accompany you with the Buyer to the master developer to ensure your property is free from encumbrances, the maintenance fees are up to date and the property has the correct permissions required by the developer for you to sell the property.
8 Transfer of Ownership
Our Agent will provide you with a full statement in anticipation of this day outlining any amounts to be paid, the final purchase price you will receive and the process you will be required to follow. On the agreed transfer date our agent will accompany you to the Dubai Land Department with the Buyer where the transfer of ownership will take place. On this day the final payments will be released to you and you will hand the title deed and keys to the buyer.
That's it your done. You would have now sold your property through Options Real Estate Brokers. We will be looking forward to working again for you on your next transaction and wish you a healthy and prosperous future.
For Dubai Land department Fees and Document required click here